Tesla (bStocks Tokenized Stock) 

TSLAB Price

What is Tesla (bStocks Tokenized Stock) (TSLAB)?

TSLAB is a BNB Smart Chain (BEP-20) token that gives holders economic exposure to one share of Tesla, Inc. (NASDAQ: TSLA) — packaging equity price action into a crypto-native instrument. Each TSLAB is issued under Binance's bStocks tokenized-securities line and backed 1:1 by a real Tesla share held in FSRA-regulated custody in ADGM (Abu Dhabi Global Market). The wrapper targets non-US crypto traders seeking TSLA exposure, self-custody, and 24/7 transferability outside US equity sessions. TSLAB is not a Tesla-issued instrument.

What asset does TSLAB represent and what backs each token?

TSLAB represents economic exposure to one share of Tesla, Inc. common stock (NASDAQ: TSLA). Each TSLAB token is backed 1:1 by a corresponding Tesla share held in custody by Nest Clearing and Custody Limited — a Recognised Clearing House, Custody, and CSD regulated under the FSMR in ADGM. Tokens are minted when a share is tokenized into the bStocks wrapper and burned on redemption, so the on-chain supply reflects actual custodied shares rather than market demand.

Is TSLAB a legal share of Tesla stock?

No. TSLAB is classified as a "Certificate representing certain Financial Instruments" under paragraph 92, Schedule 1 to the FSMR — admitted to the FSRA Official List in ADGM by three Binance ADGM entities: Nest Exchange Limited, Nest Clearing and Custody Limited, and Nest Trading Limited. TSLAB confers no direct shareholder rights in Tesla, Inc. beyond economic exposure and auto-reinvested dividends. The instrument has not been registered under the US Securities Act of 1933.

Are bStocks like TSLAB available to US traders?

No. bStocks tokens are explicitly not offered to US persons and have not been registered under the US Securities Act of 1933. Eligibility is restricted to non-US jurisdictions that meet Binance's tokenized-securities onboarding criteria. This geographic cap is the binding constraint on TSLAB's addressable trader base and a structural source of thin liquidity outside the primary issuance venue.

How is TSLAB token supply created and burned?

TSLAB has no fixed maximum supply. Supply is elastic: a new TSLAB is minted 1:1 when a real Tesla share is deposited and tokenized into the bStocks wrapper, and burned when the token is redeemed back into traditional custody at the CSD. As of August 2026, DropsTab records a TSLAB total supply of roughly 39,882 tokens. There is no ICO price, no presale allocation, and no emission schedule — issuance is purely a function of custodied share deposits.

How is TSLAB traded — exchanges, TSLAB to USDT pairs, and price?

TSLAB trades on a narrow, concentrated spot market. Per DropsTab data, TSLAB has one tracked spot venue — BingX — via the TSLAB/USDT pair, with no derivative markets and no DEX coverage tracked. Binance's own bStocks spot market is the primary issuance venue but is not surfaced in the tracked list. Single-venue depth means spreads can widen outside US equity sessions and TSLAB may trade at a premium or discount to the underlying NASDAQ: TSLA print.

What is the difference between TSLAB and TSLAX?

TSLAB and TSLAX are different tokenized-Tesla wrappers with different issuers, custody chains, and host chains. TSLAB is a Binance bStocks BEP-20 token on BNB Smart Chain, regulated under FSRA in ADGM. TSLAX is a Backed Finance xStocks token issued as a Solana SPL token with DEX liquidity on Raydium and Jupiter. The two instruments are not fungible, do not share a custodian, and should not be treated as interchangeable Tesla exposure.

Does TSLAB receive Tesla dividends and stock splits?

Yes. Corporate actions on Tesla stock — including dividends and stock splits — flow through to TSLAB holders automatically. Dividends are auto-reinvested on the ex-date before the traditional pay date, and split-adjusted balances keep the 1:1 share ratio intact. The mechanics are administered by the bStocks issuer pipeline rather than negotiated by the holder.